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Lloyd’s of London insurer Neon is celebrating its first year in Bermuda. Chris Fisher, the chief executive officer, started the firm with just one other staff member. It now has a staff of six, with plans to recruit another. Mr Fisher hopes to grow t...

Organisers are hoping to attract a record attendance to this year’s Bermuda Captive Conference in September. The event is normally held in June, but has been moved to September due to the island’s hosting of the America’s Cup throughout June. Last ye...

The board of Women in Reinsurance has three new members. WiRe was set up to encourage the development and promotion of women in the industry. The three new board members are Tracey Gibbons, senior vice-president for specialty reinsurance at Allied Wo...

A new digital portal designed to connect customers worldwide with Bermuda’s insurance industry has been launched. The service, set up by the Business Development Agency in partnership with professional services firm Deloitte, will give easy access to...

Bermudian-based OneBeacon Insurance Group is to be bought by Canadian insurer Intact Financial Corporation in a $1.7 billion deal. The transaction will create a North American lender in speciality insurance with more than $1.5 billion of annual premi...

Insurer and reinsurer Argo is to change its financial reporting — with just two segments, US and international. The change replaces the four reporting segments formerly used, with US figures now including excess and surplus and commercial specialty, ...

Insurer and reinsurer Aspen notched up profits of $96.5 million for the first quarter of the year. The $1.36 per ordinary share profit is down $17.9 million on the $114.4 million recorded in the same period last year. Chris O’Kane, chief executive of...

Reinsurance firm Validus reported profits of $94.6 million for the first quarter of the year. The figure, equal to $1.17 per common share, was $72.2 million down on the $166.8 million recorded for the same period last year, equivalent to $1.98 per sh...

American mortgage insurer NMI Holdings is taking advantage of Bermuda’s insurance-linked securities framework to acquire more than $200 million worth of reinsurance cover. NMI said in a regulatory filing with the Securities and Exchange Commission ye...

Most major financial companies plan to increase partnerships with technology specialists over the next few years, a new report has revealed. Professional services firm PwC found that 82 per cent of global banks, insurers and investment managers expec...

Reinsurer Hannover Re is offering the BFIS Hannover Re Scholarship to be awarded to a recent graduate (which includes the 2017 graduates) from either The Berkeley Institute or Cedarbridge Academy. With a GPA requirement of 2.75, the award is worth up...

Members of the Association of Bermuda Insurers and Reinsurers wrote more than $92 billion in global gross premiums last year. The business was done on a capital and surplus base of $123.6 billion and Abir members reported net income of $10.2 billion ...